Thomson Reuters Co. (NYSE:TRI) Receives Average Recommendation of "Hold" from Analysts

Shares of Thomson Reuters Co. (NYSE:TRI - Get Free Report) TSE: TRI have earned an average rating of "Hold" from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $182.09.

A number of brokerages have issued reports on TRI. Scotiabank upped their price objective on Thomson Reuters from $187.00 to $188.00 and gave the company a "sector outperform" rating in a research note on Friday, February 7th. StockNews.com upgraded Thomson Reuters from a "sell" rating to a "hold" rating in a research note on Wednesday, January 8th. CIBC upped their price objective on Thomson Reuters from $165.00 to $174.00 in a research note on Friday, February 7th. The Goldman Sachs Group upped their price objective on Thomson Reuters from $168.00 to $188.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada upped their price objective on Thomson Reuters from $171.00 to $173.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TRI. Decker Retirement Planning Inc. bought a new position in Thomson Reuters in the 4th quarter worth about $26,000. Curio Wealth LLC bought a new position in Thomson Reuters in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. bought a new position in Thomson Reuters in the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new position in Thomson Reuters in the 4th quarter worth about $33,000. Finally, Asset Dedication LLC boosted its stake in Thomson Reuters by 125.0% in the 3rd quarter. Asset Dedication LLC now owns 234 shares of the business services provider's stock worth $40,000 after purchasing an additional 130 shares during the period. Institutional investors own 17.31% of the company's stock.

Thomson Reuters Stock Down 2.8 %

NYSE TRI traded down $5.01 on Thursday, reaching $173.93. The company had a trading volume of 654,838 shares, compared to its average volume of 357,534. The stock has a market capitalization of $78.27 billion, a P/E ratio of 35.57, a P/E/G ratio of 5.59 and a beta of 0.73. The company's fifty day moving average is $165.24 and its 200 day moving average is $166.02. Thomson Reuters has a 52-week low of $149.50 and a 52-week high of $179.45. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.16.

Thomson Reuters (NYSE:TRI - Get Free Report) TSE: TRI last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. Thomson Reuters had a return on equity of 14.78% and a net margin of 30.45%. Sell-side analysts anticipate that Thomson Reuters will post 3.96 earnings per share for the current fiscal year.

Thomson Reuters Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.595 per share. This is an increase from Thomson Reuters's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, February 20th. This represents a $2.38 annualized dividend and a dividend yield of 1.37%. Thomson Reuters's dividend payout ratio is presently 44.17%.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.